Where can million-dollar homes be found? Not in Ohio

Monday

Sure, there may be more million-dollar homes in central Ohio now than ever, but compared with other cities, Columbus is a piker.

A new study by the loan website Lending Tree finds that three of the five metro areas with the nation's lowest percentage of million-dolllar homes are Cincinnati, Columbus and Cleveland.

Among the nation's 50 largest metro areas, 5.86% of owner-occupied homes are valued at $1 million or more, but a wide range can be found from one city to the next.

At the top end, San Jose, California, has the nation's largest share of million-dollar homes, with 56.5% of homes worth in the seven figures. San Jose is followed by four other West Coast metropolitan areas: San Francisco, 43.4%; Los Angeles, 19.1%; San Diego, 14.1%; and Seattle, 11.25%.

On the modest end lies Cincinnati, where .66% of homes are worth at least $1 million. Next are Buffalo, New York, also at .66%; Pittsburgh, .72%; Cleveland, .73%; and Columbus, .74%.

That doesn't mean there are only a few million-dollar homes in central Ohio: According to Lending Tree, 3,659 Columbus-area homes are worth at least $1 million. In San Francisco, 395,858 homes top the million mark.

jweiker@dispatch.com

@jimweiker

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